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please help me with the following questions 1. If a rightward shift of the supply curve leads to a 6 percent decrease in the price

please help me with the following questions

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1. If a rightward shift of the supply curve leads to a 6 percent decrease in the price and a 5 percent increase in the quantity demanded, the price elasticity of demand is A) 0.30. B) 0.60. C) 0.83. D) 1.20. 2. A fall in the price of cabbage from $10.50 to $9.50 per bushel increases the quantity demanded from 18,800 to 21,200 bushels. The price elasticity of demand is A) 0.80. B) 1.20. C) 1.25. D) 8.00. 3. The price elasticity of demand is 5.0 if a 10 percent increase in the price results in a decrease in the quantity demanded. A) 2 percent B) 5 percent C) 10 percent D) 50 percent Price (dollars per bushel Quantity demanded - ushels 2,000 4 000 6,000 8 000 10,000 12,000 4) The table above gives the demand schedule for snow peas. The price elasticity of demand between $6.00 and $7.00 per bushel is A) 1.0. B) 2.0. C) 2.6. D) 5.0. 5) The table above gives the demand schedule for snow peas. If the price of snow peas falls from $4.00 to $3.00 a bushel, total revenue will A) increase because demand is elastic in this range. B) decrease because demand is elastic in this range. C) increase because demand is inelastic in this range. D) decrease because demand is inelastic in this range. 6) Producers' total revenue will decrease if A) income increases and the good is a normal good. B) the price rises and demand is elastic. C) the price rises and demand is inelastic. D) income falls and the good is an inferior good. 7)Assuming that your demand for gasoline is inelastic, when the price of gasoline falls, which of the following is most likely to occur? A) Your demand curve for gasoline will shift leftward. B) Your demand curve for gasoline will shift rightward. C) Your total expenditure on gasoline will increase. D) Your total expenditure on gasoline will decrease. 8) If a rise in the price of good 1 decreases the quantity of good 2 demanded, A) the cross elasticity of demand is negative. B) the cross elasticity of demand is positive. C) good 1 is an inferior good. D) good 2 is an inferior good. 9) If the cross elasticity of demand between goods A and B is positive, A) the demands for A and B are both price elastic. B) the demands for A and B are both price inelastic. C) A and B are complements. D) A and B are substitutes. 10) If the cross elasticity of demand between goods A and B is negative, A) the demands for A and B are both price elastic. B) the demands for A and B are both price inelastic. C) A and B are complements. D) A and B are substitutes. 11. The price of a good rises by 12 percent and the price elasticity of demand for the good is 0.85. Which of the following is a correct in-terpretation of these facts? A) When the price rises by 12 percent, the quantity demanded decreased by 0.85 per-cent. B) For each 1 percent that the price rose, the quantity demanded decreased by 10.2 per-cent. C) For each 0.85 percent that the price rose, the quantity demanded decreased by l per-cent. D) For each 1 percent that the price rose, the quantity demanded decreased by 0.85 per-cent. I12. $31.55.. 's income has just risen from $950 per week to $1,050 per week. As a result, she decides to increase the number of movies she attends each month by 5 percent. Her demand for movies is A) represented by a vertical line. B) represented by a horizontal line. C) income elastic. D) income inelastic. 13. Joan's income has just risen from $940 per week to $1,060 per week. As a result, she decides to purchase 12 percent more lettuce per week. The income elasticity of Joan's demand for lettuce is A) 0.75. B) 0.90. C) 1.00. D) 1.33. 14. On most days the price of a rose is $1 and 80 roses are purchased. 0n Valentine's Day the demand increases so that the price of a rose rises to $2 and 320 roses are purchased. Therefore, the price elasticity of A) demand for roses is about 1.8. B) demand for roses is about 0.55. C) supply of roses is about 1.8. D) supply of roses is about 0.55. 15. Suppose Jeep Cherokees are a normal good. Then if household income increases, the direct result will be A) an increase in the supply of the vehicles. B) a decrease in the demand for the vehicles. C) an increase in the demand for the vehicles. D) Both answers A and C are correct. 17. An increase in the number of consumers in a market will A) cause only a movement along the demand curve. B) cause a leftward shift in the supply curve. C) cause the demand curve to shift rightward. D) Both answers B and C are correct. 18. Which of the following results in an increase in the demand for a product? A) A fall in the price of the product. B) A smaller number of consumers wanting to buy the product. C) An increase in the price of the product. D) An increase in the price of a substitute prod-uct. 19. ) A bakery can produce either cakes or cookies. If the price of cookies rises, then, in the market for cake, A) the supply curve of cake shifts leftward. B) the supply curve of cake shifts rightward. C) there would be a movement downward along the supply curve for cake. D) there would be a movement upward along the supply curve for cake. 19. ) A bakery can produce either cakes or cookies. If the price of cookies rises, then, in the market for cake, A) the supply curve of cake shifts leftward. B) the supply curve of cake shifts rightward. C) there would be a movement downward along the supply curve for cake. D) there would be a movement upward along the supply curve for cake. 20. Which of the following will increase the quanti-ty supplied of compact discs but NOT increase the supply of compact discs? A) A decrease in the price of a compact disc. B) An increase in the price of a compact disc. C) A decrease in the number of suppliers of com-pact discs. D) An increase in the price of the resources used to produce compact discs

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